Retirement Plan Sponsor? 10 Points
Business owners who sponsor retirement plans are putting employees on the path to secure retirement—-clearly this is a great thing to do! Plus, sponsoring a retirement plan can benefit the business, and even draw talented…
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Insights From Accountants: Sponsoring a 401k?
While often associated with taxes and financial statements, CPAs play a critical role in the health and compliance of the company 401(k) plan. Accountants act as financial watchdogs, auditors, and advisors, ensuring everything from accurate…
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Eroding Employee Trust?
For employees, a company-sponsored retirement plan is a cornerstone of their financial future, and a tangible measure of their employer’s commitment to their well-being. Operational mistakes with the plan strike at the very heart of…
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Loyalty and Prudence Vs Forfeitures?
Legal contests continue, as long accepted 401k practices related to the handling of plan forfeitures come under courtroom scrutiny. Yet another in the wave of ERISA “forfeiture lawsuits” against retirement plans, which began popping up…
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ERISA Litigation: So What, Now What?
Copying and pasting meeting minutes. Vague investment policies. Lack of prudent process around plan fees. Unclear protocols regarding the use of forfeited funds. These are all examples of sloppy retirement plan management practices that ERISA…
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Wondering What’s Next?
Market volatility? New investment possibilities? Guaranteed lifetime income options? Policy changes? Regulation? De-regulation? Confusion and uneasiness trigger fears for retirement savers, and plan sponsors too. Fear can propel hasty decisions, like halting contributions, panic-selling, or…
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Advice from Elders: Save, Save, Save
At what age do you become an elder? At what age do you take advice from your elders? Hmmm! Even as answers to these questions remain elusive, one thing is clear: we don’t have all…
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Information Chaos?
Retirement plan sponsors must be able to put their hands on lots of records, ideally without hours or days lost searching. What email thread was that important committee decision documented in? Who’s got the most…
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Civil Violations: The Cost of Non-Compliance
As a retirement plan sponsor, you are hopefully well aware of ERISA lawsuits that are disrupting businesses, grabbing headlines, and setting precedent. While civil litigation continues to present risks for retirement plan sponsors, it is…
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